Does the assets of a trust pass to the heirs of the beneficiaries after their death in case the trust itself doesnt tell about that?
If the trust does not state what happens if a beneficiary dies before the trustor, there are several things that could happen. There are general rules:
- If the beneficiary dies before the trustor of a trust the provisions of the trust generally control what happens to his share of the trust. They may lapse, go to other beneficiaries of the trust, to the estate, or other provision.
- If there are no provisions the share for the beneficiary usually go to the estate of the deceased beneficiary, or his or her children by what is referred to as representation.
